Regulatory Alerts2025-10-13
Added
FEPD Circular Letter No. 33: Import under purchases/sales contracts
The document instructs authorized dealer banks to provide necessary guidance and assistance to importers for conducting import operations under purchase/sales contracts without taking on exposure or credit lines, in compliance with FEPD Circular No. 33/2025. It clarifies that while existing policies authorize industrial importers for raw materials, capital machinery, and fire doors within value limits, dealers can now offer Documentary Collection services under URC rules without exposure. This directive serves as a follow-up to the instructions previously issued in Paragraph C of Circular No. 33 dated August 14, 2025.
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